Rockbank's first issue of securities with the publication of an announcement that it has completed its Tier 2 by raising $250 million.
Rakbank announced the completion of the inaugural Tier 2 release
news agency wam , 5 Sep 2024 - 9:47
Rockbank's first issue of securities with the publication of an announcement that it has completed its Tier 2 by raising $250 million.
According to Amac News: In the announcement of this bank, it is stated that bonds with a maturity of 10.25 years and a non-contact period of 5.25 years (10.25NC5.25) were issued with a coupon rate of 5.875%.
The issuance was met with strong investor demand, with overbooking of more than $1 billion, four times oversubscribed, the bank said.
This significant demand allowed Rakbank to cut its pricing by 42.5 basis points, reflecting investors' confidence in the bank's financial stability and growth prospects.
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